RBS Exits UK Treasury's Asset Insurance Program

Law360, New York (October 17, 2012, 2:51 PM EDT) -- The Royal Bank of Scotland Group PLC said Wednesday it has agreed to exit the U.K. Treasury's program that provided backstop credit insurance for a variety of the bank's assets after paying £2.5 billion ($4 billion) for the support, signaling a turnaround for the bank following a multibillion-dollar government bailout in 2008.

The bank said its exit from the government's so-called asset protection scheme demonstrates the progress it has made in transforming a balance sheet that had become dangerously large and unstable into one that is...
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